Reuters Market Eye - Shares of state-run oil marketing companies gain after a media report said the petroleum ministry was planning to propose a hike of 5 rupees in diesel prices.
The ministry is considering the diesel price hike along with a proposal for a new subsidy sharing mechanism, the Business Standard newspaper reported on Thursday, citing unnamed officials.
Shares of Indian Oil Corp , Hindustan Petroleum Corp and Bharat Petroleum Corp are trading 2-3 percent higher.
(Reporting by Indulal P)